0001062993-20-005056.txt : 20201020 0001062993-20-005056.hdr.sgml : 20201020 20201020214810 ACCESSION NUMBER: 0001062993-20-005056 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20201016 FILED AS OF DATE: 20201020 DATE AS OF CHANGE: 20201020 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MEHROTRA SANJAY CENTRAL INDEX KEY: 0001242654 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10658 FILM NUMBER: 201249474 MAIL ADDRESS: STREET 1: C/O WESTERN DIGITAL CORPORATION STREET 2: 3355 MICHELSON DRIVE, SUITE 100 CITY: IRVINE STATE: CA ZIP: 92612 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MICRON TECHNOLOGY INC CENTRAL INDEX KEY: 0000723125 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 751618004 STATE OF INCORPORATION: DE FISCAL YEAR END: 0903 BUSINESS ADDRESS: STREET 1: 8000 S FEDERAL WAY STREET 2: PO BOX 6 CITY: BOISE STATE: ID ZIP: 83716-9632 BUSINESS PHONE: 2083684000 MAIL ADDRESS: STREET 1: 8000 S FEDERAL WAY STREET 2: PO BOX 6 CITY: BOISE STATE: ID ZIP: 83716-9632 4 1 form4.xml STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES X0306 4 2020-10-16 0000723125 MICRON TECHNOLOGY INC MU 0001242654 MEHROTRA SANJAY 8000 S. FEDERAL WAY MS 40-370 BOISE ID 83716 1 1 0 0 CEO and President Common Stock 2020-10-16 4 A 0 178090 0 A 621285 D Common Stock 2020-10-16 4 F 0 50099 51.94 D 571186 D Common Stock 2020-10-16 4 M 0 77939 0 A 649125 D Common Stock 2020-10-16 4 M 0 107953 0 A 757078 D Common Stock 2020-10-16 4 F 0 90355 51.94 D 666723 D Common Stock 73073 I By GRAT Performance Restricted Stock Units 0 2020-10-16 4 A 0 75240 0 A Common Stock 75240 75240 D Performance Restricted Stock Units 0 2020-10-16 4 A 0 89045 0 A Common Stock 89045 89045 D Performance Restricted Stock Units 0 2020-10-16 4 M 0 64776 0 D Common Stock 77939 0 D Performance Restricted Stock Units 0 2020-10-16 4 M 0 54846 0 D Common Stock 107953 78022 D Performance Restricted Stock Units 0 2020-10-16 4 F 0 3507 0 D Common Stock 3507 77208 D Performance Restricted Stock Units 0 2020-10-16 4 F 0 326 0 D Common Stock 326 63952 D Restricted Stock Awards vest in 33 1/3% increments annually on the anniversary of the grant. Includes 2 shares of common stock that inadvertently previously were reported as being withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock awarded under the Issuer's 2004 Equity Incentive Plan. Withholding of shares to satisfy tax withholding obligations in connection with the vesting of restricted stock awarded under the Issuer's 2004 Equity Incentive Plan. The Compensation Committee certified achievement of the pre-established performance goals at a level resulting in a vest of 105% of target shares. As reported at grant, the performance-based restricted stock unit could result in a payout of 0% to 200% based on actual achievement of the goals. The Compensation Committee certified achievement of the pre-established performance goals at a level resulting in a vest of 178% of target shares. As reported at grant, the performance-based restricted stock unit could result in a payout of 0% to 200% based on actual achievement of the goals. Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of performance restricted stock units awarded under the Issuer's 2004 Equity Incentive Plan. Each performance-based restricted stock unit represents the right to receive, following vesting, between 0% and 150% of one share of common stock based upon the achievement of pre-established performance metrics related to relative total shareholder return over a 3-year period beginning September 3, 2020 and ending on August 31, 2023, and certification of such performance by the Compensation Committee following the conclusion of the performance period. Each performance-based restricted stock unit represents the right to receive, following vesting, between 0% and 200% of one share of common stock based upon the achievement of pre-established performance metrics related to NAND delivery and solutions over a 3-year period beginning September 3, 2020 and ending on August 31, 2023, and certification of such performance by the Compensation Committee following the conclusion of the performance period. Each performance-based restricted stock unit represents the right to receive, following vesting, between 0% and 200% of one share of common stock based upon the achievement of pre-established performance metrics related to DRAM, NAND and PE Ratio over a 3-year performance period beginning August 31, 2017 and ending on September 3, 2020, and certification of such performance by the Compensation Committee following the conclusion of the performance period. Each performance-based restricted stock unit represents the right to receive, following vesting, between 0% and 200% of one share of common stock based upon the achievement of pre-established performance metrics related to NAND, PE Ratio and FCF over a 3-year performance period beginning August 31, 2018 and ending on September 2, 2021, and certification of such performance by the Compensation Committee following the conclusion of the performance period. Each performance-based restricted stock unit represents the right to receive, following vesting, between 0% and 200% of one share of common stock based upon the achievement of pre-established performance metrics related to NAND over a 3-year performance period beginning August 29, 2019 and ending on September 1, 2022, and certification of such performance by the Compensation Committee following the conclusion of the performance period. Remaining performance-based restricted stock units subject to this award will vest on October 16, 2021. Each performance-based restricted stock unit represents the right to receive, following vesting, between 0% and 150% of one share of common stock based upon the achievement of pre-established performance metrics related to relative total shareholder return over a 3-year performance period beginning August 29, 2019 and ending on September 1, 2021, and certification of such performance by the Compensation Committee following the conclusion of the performance period. Performance-based restricted stock units withheld for employment tax (and related income tax) obligations upon a portion of the grant being earned by (but not yet payable to) the reporting person. Additional shares remain unvested. Shares are held in a grantor retained annuity trust for the benefit of the reporting person and his immediate family. Greg Osborn, Attorney-in-fact 2020-10-20